Changing Mortgage Aggregators – Is it worth the hassle?

Like refinancing a home loan, changing mortgage aggregators is not only time-consuming, but it can also be a distraction to your business.

The effort required to assemble documentation can be overwhelming.

However, partnering up with the right mortgage aggregator, and/or mortgage broker group, will be the difference between success or failure – or at least the level of success you hope to achieve!

Ask yourself, does your current mortgage aggregator, and/or mortgage broker group, support you and your business at the level you want?

If your answer is a firm no, then switching mortgage aggregators, and/or to a solid mortgage broker group, is worth the effort as it will take you and your business to new heights!

Why change? Should you join an aggregator direct or a broker group?

All aggregators are different, as are broker groups.

When it comes to aggregators, the first thing to realise is that the primary role of a head-aggregator is:

To provide you with the mortgage software
To provide you access to lenders to lodge deals
To pay your commissions timely and accurately

If you want more than this, then joining a reputable mortgage broker group – with depth of experience and with runs on the board – may be the difference that will help you and your business reach new heights!

Business support

At Masters Broker Group, we help our members achieve their business goals and aspirations in the following ways…

Unlimited scenario support (e.g. workshop a deal, loan structuring guidance, lender policy interpretation)
Unlimited training for all (your) brokers including broker support staff (e.g. systems, compliance, file management, client ongoing care)
Best practice templates designed to achieve first pass approvals more often
Best practice After Care program to ensure you remain Top of Mind with clients and business partners, increasing your ongoing referrals
Monthly technical workshops to hone your skills and become a top performing broker
Weekly zoom catch ups designed to keep you updated with lender policy changes, lender turnaround times, lender offers, economic news, and a Tip for the Week!
28-day first starter program, designed by a Billion-dollar broker, to help you succeed faster
90-day coaching program for those brokers who want to get more out of their business, and from life
Quarterly analytics reporting to help you better manage your brokerage and to help you stay on top of your financial targets

Each quarter our members are provided with their own performance analytics reports to help them monitor their performance against their targets. As the saying goes, you can’t manage what you don’t know!

With these reports, our business coaches work closely with each broker to ensure the right focus is applied on the areas requiring attention.

We have created a learning and sharing environment that benefits you, as you will be part of a network of like-minded mortgage professionals who share their experience and knowledge to help their peers succeed.

You will get skills and action plans to implement into your own business.

But most importantly, you will be getting advice from highly, experienced mortgage professionals.

Ask yourself, is your current aggregator providing you with this type of support?

High commission levels

We start all our members with one of the highest commission splits currently available on the market.

Along with tried and tested processes, systems, and tools to help you become more efficient and productive, our commission structure will help you become profitable and successful much sooner.

Culture and values

Our core values are to help you be in business for yourself, but not by yourself.

When you join Masters Broker Group, you become part of a family, where we put relationships at the core of everything we do.

Our growing family is made up of a bunch of amazing humans willing to help and support each other – a culture we’ve created and a culture which we’ll continue to work hard to maintain for the benefit of all our members.

Our members regularly share their tips, assist, and support each other with ideas, and we hold discussions and meetups to solve problems.

We have a members-only Facebook page where we share ideas and experiences.

We share in each other’s success, celebrate the wins, and learn from each other’s mistakes too.

For us, it is as much about the members, the support, the collective ideas, community spirit, and camaraderie within Masters Broking Group.

Do your homework

The customer’s voice always speaks the loudest.

Click here to read what our members are saying about being part of our amazing (growing) family.

Be sure to do your own due diligence – and research – to get your own insights and to see if this is right for you.

What next?

Before you change aggregators, you will need to check your existing agreements to see what is involved.

Your agreement may require you to provide notice in writing, usually with a 30 days’ notice period.

Remember to take stock of all your (current) lender accreditations as you will need these when you transfer – such as your broker accreditation numbers.

Will it be worth it?

The answer to this question will very much depend on what you want to achieve, and what success means for you.

If we can help you get there faster, in a systematic way, then the effort will be worth it.

Over the long term, the change can help you become more profitable and more efficient too.

Your options

If you would like to discuss your mortgage aggregator options, we can help.